Wallace Stegner Academy

Analysis

Wallace Stegner Academy is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Wallace Stegner Academy reported income of $15.1m and spending of $13.7m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.1m to $15.1m (+195%), an average of +31% a year. The sharpest change came in the year to June 2022, when income rose by 66%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Wallace Stegner Academy sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within UT. Charities of a similar size with the same main cause include Riverside Military Academy Inc ($15.1m), New West Charter School ($15.1m) and Insight School of Oregon Painted Hills ($15.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. At year end it held assets of $35.9m against liabilities of $32.9m, net assets of $3.1m.